Explanation
The Department of Public Utilities seeks to establish a special revenue fund titled "Public Utilities Small Business Education and Training Fund" which is authorized to accept funds from small business training and educational activities for the production and development of small, minority and female businesses training and special events.
The purpose of the special revenue fund is to carry out small business training activities and to use proceeds from these activities for additional training activities and events. These activities will generate revenues through admission fees as well associated support/materials and supplies.
Revenue monies will be expended for the costs associated with the above training activities. All City procurement procedures will be followed for the purchases related to this fund.
FISCAL IMPACT: Funds for small business training and educational activities are budgeted in the Department's 2013 budget. Proceeds from the training activities will be deposited into this special fund to be used for additional training and education.
Title
To authorize the City Auditor to create a special revenue fund titled Public Utilities Small Business Education and Training Fund for the purpose of depositing proceeds received for the purpose of conducting the Small Business Conference; to appropriate an amount up to, but not to exceed, the cash in the fund not encumbered for any other purpose; and to authorize the expenditure of said funds received for such purposes.
Body
WHEREAS, the Department of Public Utilities seeks to establish a special revenue fund titled "Public Utilities Small Business Training & Education Fund"; and
WHEREAS, the purpose of this special revenue fund is to carry out small business capacity-building educational and training activities and to use the proceeds from these activities for additional training; and
WHEREAS, these training activities will generate revenues through admission fees and associated support/materials and supplies and donations, and
WHEREAS, all City procurement procedures will be followed for purchases related to this special purpose fund; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS
SECTION 1. That a special revenue fund titled "Public Utilities Small Business Education and Training Fund" be established for the receipt of the Mayor's Small Business Conference revenues.
SECTION 2. That this special revenue fund be authorized to accept funds from small business education and training activities for the production and development of small business education and training activities and programs
SECTION 3. That the Director of Utilities is hereby empowered to establish fees and other charges for such training activities.
SECTION 4. That all purchases related to this special revenue fund will be made in accordance to all City procurement procedures.
SECTION 5. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.
SECTION 6. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.